Quotex vs Axofa
Quotex Review 2023 | Axofa Review 2023 |
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4.4
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4.3
Axofa is #6 in our CFD broker rankings. |
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Quotex is an offshore broker specializing in binary options across 400+ assets. Founded in 2019, the broker is popular for its user-friendly web platform and competitive payouts up to 98%. New traders can also claim a welcome deposit bonus. |
Axofa is a forex and CFD broker registered in St Vincent and the Grenadines. The broker offers three account types with access to forex, commodities and indices. With ECN processing, low minimum deposits and no commissions, Axofa could be an attractive option, although the broker does not hold a reputable license. |
Bonus Offer | |
30% Deposit Bonus | 10% Deposit Bonus |
Comment by Reviewer | |
"Quotex is ideal for traders looking for a good range of digital options with high payouts and trading signals." | "Axofa could be a good option for clients looking for social trading features alongside the MT5 platform, and are willing to trade with an offshore brand." |
Pros | |
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Cons | |
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Instruments | |
Digital Options, Stocks, Forex, Commodities, Cryptos | Forex, CFDs, Stocks, Indices, Commodities |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $1 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$1 | 0.01 Lots |
Regulator | |
SVGFSA | |
Margin Trading | |
No | Yes |
STP Account | |
No | Yes |
ECN Account | |
No | Yes |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
iOS & Android | iOS & Android |
Auto Trading | |
No | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CFD trading not offered | CFDs are available on popular asset classes with a competitive $1 minimum deposit. The broker offers very high, unrestricted leverage of 1:1000, which will amplify both profits and losses. |
Leverage | |
1:1000 | |
FTSE Spread | |
NA | |
GBPUSD Spread | |
From 1.6 pips | |
Oil Spread | |
From 1.6 pips | |
Stocks Spread | |
NA | |
Forex Trading | |
Over 20 forex pairs are available via digital options. Payouts are decent and climb to 82% on the EUR/USD. Go up or down on popular currencies, including all the majors. | Axofa offers 50+ forex pairs with raw spreads and low commissions. On the downside, the broker is not particularly transparent when it comes to their account conditions and fees. |
GBPUSD Spread | |
N/A | From 1.6 pips |
EURUSD Spread | |
N/A | From 1.6 pips |
EURGBP Spread | |
N/A | From 1.6 pips |
Assets | |
20+ | 10+ |
Cryptocurrency | |
Trade a handful of the top cryptos at Quotex with up/down binaries. Popular tokens including Bitcoin, Litecoin and Ethereum are available and traders can use the web-friendly platform or mobile app. | Crypto trading not offered |
Spread | |
N/A | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Quotex offers short-term binary options on a decent range of financial markets with market signals to inform trading decisions. Users can bet on rising and falling prices with up/down binaries that span 5 seconds to 4 hours. | Binary options trading not offered |
Payout | |
98% | |
Expiry Times | |
5 seconds - 4 hours | |
Ladder Options | |
No | No |
Boundary Options | |
No | No |
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More Comparisons | |
Quotex vs |
Axofa vs |